USD/JPY, the sellers were ready at 121.40/60, again!

mario urlic usd-jpy 27.10.

The US dollar has strengthened against the Japanese yen for 7 days in a row, but the sellers were ready at the 121.40/60 again. In the last two days the pair has retreet bellow daily MA200 and reach 120.40, the level near the support at 120.20. This is the 9th week in which the pair is consolidating between levels 118.00 and 121.50, after the biggest daily fall since 1998. and it’s not easy to trade with in between those strong SR levels.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s